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Washington
MBL-sponsor Udall to speak at GAC
WASHINGTON (1/21/11)--Sen. Mark Udall (D-Colo.), who was the top sponsor of a 2010 Senate credit union member business lending bill, will join members of Congress and leading political pundits at the Credit Union National Association’s (CUNA) Governmental Affairs Conference (GAC), which begins on Feb. 27. In remarks delivered before the GAC last year, Udall said that the U.S. Congress must look for "job creation policies that are deficit neutral" and find "simple cost effective ways" to create employment. Udall’s S. 2919, which would have allowed credit unions to increase the number and amount of loans given to members with small businesses by lifting the MBL cap to 27.5% of assets. The bill would have also raised the "de minimis" threshold for a loan to be considered a member business loan to $250,000. These two steps would create over 100,000 new jobs and increase small business lending by $10 billion within the first year following enactment, at no cost to taxpayers. Rep. Shelley Moore Capito (R-W.Va.), Sen. Roy Blunt (R-Mo.), House Financial Services Committee Chairman Rep. Spencer Bachus (R-Ala.), Sen. Mike Crapo (R-Idaho), and Reps. Barney Frank (D-Mass.), Debbie Wasserman Schultz (D-Fla.) and Steve Stivers (R-Ohio) are also currently slated to speak at the GAC. Consumer Financial Protection Bureau architect Elizabeth Warren and co-authors of The New York Times No. 1 best-seller "Game Change" Mark Halperin and John Heilemann are also scheduled to address GAC attendees. The GAC will also feature keynote speeches from actor and Children's Miracle Network Hospitals co-founder John Schneider and "Miracle on the Hudson" pilot Captain Chesley B. "Sully" Sullenberger III. To register for the GAC, use the resource link.


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